Cable hits stops in fall to lowest since Jan 3
Quick move in the pound US dollar demand into the London fix has claimed another victim as cable sank below the May low of 1.2559 to 1.2554. The pair hit… Read more »
Tag: Jan
AUD/USD risk reversals hit lowest since Jan. 4
One-month risk reversals on AUD/USD (AUD1MRR), the gauge of puts to calls on the Australian Dollar, fell to -1.10 on Wednesday, the lowest level since Jan. 4. The data indicates… Read more »
Will Ripple (XRP) Bulls of Jan 30 Flow Back and Prop Dropping Prices?
Ripple prices down 5.2 percent TaoTao exchange launching in mid-May and supports Ripple (XRP) Transaction volumes low but as prices retest main support, participation may spike After pressure from the… Read more »
US 10-year yield threatens the Jan low and yield curve inversion
Rally in bonds pushes yields lower The Fed statement and forecasts sent yields lower. The 10-year is down 6.5 basis points to 2.5477%. That’s just above the top end of… Read more »
Here is the Jan 30 FOMC statement and dot plot
Released January 30, 2019: The bolded are areas to watch Information received since the Federal Open Market Committee met in December indicates that the labor market has continued to strengthen… Read more »
The US JOLTS job openings for Jan 7581 vs 7225 estimate
Last month 7335 revised to 7479 The JOLT job openings reaches another record at 7581. CORRECTION. Some data was revised so not a record (but not far off) Hires 5801… Read more »
Remains vulnerable to retest Jan. swing lows, sub-1.3100 level
• The pair extended last week’s sharp rejection slide from 100-day SMA and remained under some selling pressure for the sixth session in the previous seven. • A… Read more »
Slips below 0.8670 horizontal support, seems vulnerable to retest Jan. swing lows
• The cross failed to capitalize on the early uptick to 50-hour SMA and dropped to fresh monthly lows in reaction to the disappointing Euro-zone manufacturing PMI prints. … Read more »
EUR/USD Forecast Jan. Feb. 4-8 – A dovish Fed is not enough
EUR/USD advanced on the dovish Fed decision but could not hold its higher ground. What’s next? Various surveys stand out in the first full week of February. Here is an outlook… Read more »
China data – Caixin manufacturing PMI (Jan): 48.3 (vs. expected 49.6)
This is the private survey PMI, which tends to include a great representation of smaller firms than the official PMI survey does Huge drop, down to 48.3. This is the… Read more »